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HMRC powers lack efficacy, say advisers
KEY POINTS
- Late filing penalties are appropriate but should not exceed the tax due.
- HMRC should be more consistent in how they deal with errors.
- Lack of confidence in the training and knowledge of Revenue staff.
- Internal review process is poorly regarded.
The system for penalties compliance checks and reviews is not working as well as it could be.
This was the overall finding of a Chartered Institute of Taxation and Association of Taxation Technicians survey of HMRC powers.
In particular it found that HMRC are unwilling to accept that taxpayers make mistakes and instead treat errors as failure to take reasonable care.
Respondents generally supported penalties for late filing and late payment but were concerned about fines when there was little or no tax at stake or when the...
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